* Included in Asking Price
Bicycle Company with great location and established customer base.
It is a boutique and high end retail store based in a highly popular area. It has various product lines of upscale bikes and accessories; it also provides services in bike rentals, bike fitting, fitness testing, bike-touring and athletic massage therapy.
The business was first established in 2004, and bought by its current owner in 2009. Since taking over, it has tripled its size from 1,100 sq. ft. to over 3,600 sq. ft., and more than tripled sales. It carries a lease at a very competitive rent price per the popularity of the area. The business runs lean and efficiently. An owner could also be the store manager. Their inventory management is top notch. With around $1,000,000 in sales annually, their inventory turn ratio is close to 8 times per year. They have acquired loyal customers over the years and have a sizeable customer database. They are up to date in the popular trends and brands in the bike industry. They have done a good job establishing long term relationships with major suppliers. They have been able to successfully generate over $1,000,000 in annual revenue on average over the 2014-2016 time frame.
In addition, the owner thinks that there is attractive upside to create value, if the new owner can continue to innovate and execute sound strategies. For example, by virtue of its location near many businesses, corporate contracts for bike service and repair is one of the most promising segments to enhance revenue; there is more opportunity for additional bike fitting revenue if the owner is trained in this discipline or trains a staff member. Many people are also interested in renting high end bikes as this is a steady source of revenue; also, the company is leading some cycling tours as a new revenue stream.
The owner is heading to his next venture. He hopes to have a buyer who can continue to grow this business. The owner is willing to provide some training.
Annual Revenue: $1,000,000
FF&E (Included in the price): $ 50,000
Inventory (Included in the price) $125,000
Seller's Discretionary Cash Flow $97,000
Asking Price: $295,000
Disclaimer: The information above was furnished by the seller. Sunbelt Business Brokers of Orange Coast or its agents have not verified the information and makes no representations as to its accuracy or reliability.
For more information call Tina Zeng at SUNBELT BUSINESS BROKERS of ORANGE COAST at 949-864-6436, or at 714-619-9310 ext. 253. Email: email@example.com. Fax: 949-861-6498.
|Training/Support:||seller will provide training.|
|Sale Reason:||other business ventures.|
Seller Reference #ORCSTCA001-N1988
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